Lotus is currently preparing an IPO. The newspaper reports that The Times. With an IPO, Geely, the owner of Lotus, wants to raise additional capital to realize its ambitious growth plans.
Geely is currently checking with investors and wealthy clients whether there is interest in an IPO of Lotus. This could possibly lead to an ‘Initial Public Offering’ (IPO) for Lotus in the near future. Geely is reportedly considering listing Lotus Technology, which is based in China and focuses on the development of EVs, on the Shanghai stock exchange next year, although it seems possible that Lotus shares will be traded on the stock exchanges of China. New York or London.
The IPO should yield Lotus several billion euros to be able to realize the growth plans. That money is in addition to the investments that the Chinese Geely has already made in Lotus. For example, the brand wants to bring no fewer than four new EVs on the market within five years. Lotus also wants to open a new factory in China and sell 100,000 cars per year by the end of this decade. The company is also looking for opportunities to increase the margin per car, in which the recently established Lotus Advanced Performance personalization department will play an important role.
For now, the brand mainly focuses on the production of two models: the Emira, the latest Lotus with combustion engine, and the electric hypercar Evija. The curtain fell for the Elise, Exige and Evora at the end of last year.
– Thanks for information from Autoweek.nl